Vetr Upgrades Delta Air Lines (NYSE:DAL) to “Sell”

Vetr upgraded shares of Delta Air Lines (NYSE:DAL) from a strong sell rating to a sell rating in a report published on Wednesday, January 3rd. The firm currently has $49.97 target price on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus reissued a buy rating and issued a $75.00 price objective (down from $80.00) on shares of Delta Air Lines in a research note on Friday, September 22nd. UBS Group restated a buy rating and issued a $62.00 target price (down from $65.00) on shares of Delta Air Lines in a report on Saturday, September 30th. Cowen restated a buy rating and issued a $60.00 target price on shares of Delta Air Lines in a report on Tuesday, September 5th. Deutsche Bank reduced their target price on shares of Delta Air Lines from $62.00 to $59.00 and set a buy rating on the stock in a report on Wednesday, September 6th. Finally, Stephens set a $67.00 target price on shares of Delta Air Lines and gave the company a buy rating in a report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Delta Air Lines currently has a consensus rating of Buy and a consensus target price of $65.53.

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Shares of Delta Air Lines (NYSE:DAL) opened at $55.67 on Wednesday. The company has a market cap of $39,398.89, a price-to-earnings ratio of 11.29, a P/E/G ratio of 0.74 and a beta of 1.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.42 and a quick ratio of 0.35. Delta Air Lines has a 12-month low of $43.81 and a 12-month high of $60.79.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. equities analysts forecast that Delta Air Lines will post 6.42 earnings per share for the current year.

In other Delta Air Lines news, CEO Edward H. Bastian sold 25,000 shares of the stock in a transaction that occurred on Saturday, December 29th. The shares were sold at an average price of $56.47, for a total value of $1,411,750.00. Following the completion of the sale, the chief executive officer now owns 240,508 shares of the company’s stock, valued at $13,581,486.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Peter W. Carter sold 19,809 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $50.42, for a total transaction of $998,769.78. Following the completion of the sale, the executive vice president now directly owns 67,077 shares of the company’s stock, valued at approximately $3,382,022.34. The disclosure for this sale can be found here. Insiders sold 354,447 shares of company stock worth $20,087,153 in the last 90 days. 0.37% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Delta Air Lines by 0.6% during the second quarter. Vanguard Group Inc. now owns 44,951,865 shares of the transportation company’s stock worth $2,415,714,000 after buying an additional 274,997 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Delta Air Lines by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 7,821,694 shares of the transportation company’s stock worth $377,169,000 after buying an additional 250,731 shares in the last quarter. AJO LP grew its position in shares of Delta Air Lines by 21.2% during the second quarter. AJO LP now owns 5,637,157 shares of the transportation company’s stock worth $302,941,000 after buying an additional 986,803 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Delta Air Lines by 77.6% during the second quarter. TIAA CREF Investment Management LLC now owns 5,364,934 shares of the transportation company’s stock worth $288,312,000 after buying an additional 2,343,531 shares in the last quarter. Finally, APG Asset Management N.V. grew its position in shares of Delta Air Lines by 12.3% during the third quarter. APG Asset Management N.V. now owns 4,100,199 shares of the transportation company’s stock worth $197,712,000 after buying an additional 449,700 shares in the last quarter. 85.04% of the stock is owned by institutional investors and hedge funds.

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About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.